Lockheed Martin Employee Benefit: 401K Plan | Glassdoor

Lockheed Martin 401K Plan

Updated Apr 04, 2018

765 employees reported this benefit

4.1
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Employer Summary

Lockheed Martin provides a 401(k) Savings Plan.


Employer Verified
Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 161
  • Mar 24, 2020
    StarStarStarStarStar Current Staff Systems Engineer in Sunnyvale, California

    LM matches fifty cents on the dollar up to eight percent of pay

  • Jan 29, 2020
    StarStarStarStarStar Current Employee in Philadelphia, Pennsylvania

    401k plan is excellent.

  • Jan 29, 2020
    StarStarStarStarStar Current Staff Software Engineer in King of Prussia, Pennsylvania

    LMC contributes 6% automatically, then matches voluntary employee contributions at 50% up to 8% of the employee contribution. So contributing 8% of the your salary will result in a 10% contribution from LMC.

  • Jan 19, 2020
    StarStarStarStarStar Current Employee in Colorado Springs, Colorado

    10% company match is way higher than national average.

  • Jan 14, 2020
    StarStarStarStarStar Current Employee in Sunnyvale, California

    Company has pretty good matching

  • Jan 13, 2020
    StarStarStarStarStar Current Employee in Denver, Colorado

    The 401K is really easy to understand and the company contribution and match are very generous. The company provides many resources to help us plan for our future.

  • Jan 03, 2020
    StarStarStarStarStar Current Employee in Marion, Massachusetts

    Up to 10% company match on 401k. Ability to choose/split contributions between traditional 401k and Roth 401k.

  • Dec 11, 2019
    StarStarStarStarStarEmployee

    This is good, great match

  • Oct 24, 2019
    StarStarStarStarStar Former Employee in Houston, Texas

    4% free, plus matching at a rate variable with job and location. Heavy in LM stock, which performs well.

  • Oct 02, 2019
    StarStarStarStarStar Former Employee in Washington, District of Columbia

    I don't remember a whole lot about the 401K plan, but at the time, it seemed like a good plan.


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